The market sold off today, albeit on lower volume, as drama in Europe continues to unfold. Analysis below will break down the details. See you back here tomorrow!
Interesting Reads:
Ukraine also on the verge of default (ZeroHedge), The new Amazon kindle Fire (Gizmodo), Tracking Europe’s debt crisis (NYT), Google to finance rooftop solar installations (LA Times), Oil heading to biggest quarterly drop since 2008 (Bloomberg)
Tomorrow’s Economic calender:
Market analysis:
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | Down | Down | Down |
| Intermediate | Down | Down | Down |
| Short-term | Down | Down | Down |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
